Banking - Brazil

HSBC tops Brazilian 2013 international debt capital issuance ranking

HSBC tops Brazilian 2013 international debt capital issuance ranking

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HSBC was the leading bookrunner in Brazil in international debt capital markets (DCM) in 2013, with a hand in US$4.29bn worth of deals (13 transactions) for an 11.0% share of the market, according to figures released by financial research firm Dealogic.

JPMorgan had the second biggest share with 10.9%, or US$4.26bn from 10 deals, followed by Banco do Brasil with 9.6% (US$3.73bn via 16 deals), Bank of America Merrill Lynch with 9.2% (US$3.60bn via 10 deals) and Itaú BBA with 9.1% (US$3.57bn via 13 deals).

Places six to 10 in the ranking were occupied by Deutsche Bank, Bradesco BBI, Morgan Stanley, BTG Pactual and Citigroup.

The leading investment bank in Brazil in terms of DCM issuance was Itaú BBA, involved in US$3.37bn of transactions (41 deals) for a 28.1% share of the market.

The Brazilian lender was followed by compatriot Bradesco BBI with US$2.08bn via 23 deals (for 17.3%), BTG Pactual with US$1.38bn via 25 deals (11.6%), HSBC with US$1.17bn via 14 deals (9.8%) and Banco do Brasil with US$1.13bn via 15 deals (9.5%).

Places six to 10 were occupied by Santander, Banco Votorantim, JPMorgan, Citi and Morgan Stanley.

Brazilian DCM issuance in 2013 totaled US$51.0bn, a 24% decline compared to the record US$67.5bn issued in 2012.